“This effort represents more than just a ‘re-platforming’ of our legacy product,” commented John Roblin, Chairman & CEO of Cover-All. “We have established a significant competitive advantage by offering the entire ISO®-based Commercial Auto product – with all coverages, vehicle types, forms, rating algorithms and statistical codes. Leveraging nearly every aspect of the ISO®-based lines, the NexGen products allow customers to dramatically cut implementation times, while still preserving the flexibility to deviate with customization that differentiates them in the market. We believe that the combination of this robust product along with the power of the My Insurance Center™ NexGen platform represents a truly revolutionary set of capabilities designed for the future of our industry.”

Manish Shah, President and CTO of the Company, added, “We have arguably taken one of the most complex insurance lines in the industry and crafted a solution that features the most intuitive design, while also offering the greatest product depth and breadth available, in the market. We designed the product so it can be easily and effectively deployed to various distribution channels such as retail agents, Brokers, Program Administrators etc., without the need for separate portal products. Despite this flexibility, the product is very robust and extremely efficient for the carriers’ business operations.”

This latest release, in conjunction with the My Insurance Center NexGen Policy Administration Platform, supports the full rate, quote, issuance, subsequent transactions, renewals, document generations & imaging and statistical reporting for the entire ISO®-based Commercial Auto product, including all aspects of Business Auto, Garage, Trucks and Motor Carriers. Leveraging Web 2.0 technology, the 100% browser-based solution also provides full support for automated straight-through-processing and many “self-service” oriented capabilities such as user defined workflow, underwriting rules, commission plans, payment plans and a host of additional features made possible only through the use of the most flexible and modern technologies available today.

Three customers have already taken delivery of NexGen Commercial Auto and we are in various stages of discussion with additional new and current customers for this product.

“Based on early feedback from existing customers, prospects and industry consultants,” Mr. Shah continued, “we believe that the NexGen Commercial Automobile product has left competitive solutions significantly behind the curve.”

About Cover-All Technologies Inc.

Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

For information on Cover-All, contact:

Miguel A Edwards

SVP, Business Development

973/461-5211

medwards@cover-all.com

Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements

Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2010, filed with the SEC on March 24, 2011, a copy of which are available from the SEC or may be obtained upon request from the Company.

These themes have been central to the evolution of our solution set over the past ten years, and were a driving force in a re-architecture of our platform which began four years ago and continues to add new capabilities.  But with so many vendors in the “Policy Administration” space, all using the same buzz words, all claiming to offer “the key” to your business, how does one select the right partner? Frankly, there isn’t a one-size fits all answer that would end your selection process today.  However, with more than a few implementations and successful partnerships under our belt, we’d like to offer the following three points for you to consider as you search for a partner/solution:

What are your objectives, and what enablers do you need to achieve them?
Early in your analysis, it is important to define exactly what the organizational objectives are.  Only then can you determine what capabilities you will need to reach those objectives.  As you consider the features of the ideal solution, it is important to remember how those new enablers will impact the organization.  With the overarching goals in mind and looking to take full advantage of these new capabilities, what changes will be required to process, and how will roles need to be redefined?  Without this critical step, you could be simply replacing your current solution with a shinier one, but ultimately unable to reap the any significant benefit.   As an aside, this is a great opportunity to innovate.  Don’t be constrained by former processes, convoluted work-arounds, or confusing products.  Leverage the expertise of your experienced vendor partner to explore new means to new ends – always challenging the status quo.

Rules and Tools vs. Full Service
Lack of flexibility, poor turn-around times, and exorbitant costs associated with homegrown and legacy vendor technologies, gave rise to the rules and tools based products on the market today.  The idea was that customers could maintain their product set more effectively and efficiently than a vendor.  There are potential issues with this line of thinking, however:

• The total cost of ownership for “Rules and Tools” is not always well understood or measured. Internal resource allocation mechanisms often hide the true cost of system development, sometimes misrepresenting the overall cost of the project and subsequent maintenance. Further, very few internal organizations are willing or able to provide their businesses with service level standards. How will you ensure that your various business units will enjoy consistent service, even as organizational priorities shift?
• The learning curve of “Rules and Tools” based solutions is often underestimated.  Even in the case of non-standard lines, internal resources can spend months learning not just the vendor’s product, but the nuances of translating business requirements into functional specifications for that particular technology set.  What was anticipated as being a more efficient process can result in even longer delays and more constraints, adding to your opportunity cost and potentially, your reputational cost as you risk compliance. 

Just ask the customers.
The optimum vendor should have a robust client base comprised of both long-time and new customers, as well as customers of varying sizes. But most importantly, customers should be leveraging business models and product offerings similar to those of your organization.  Those customers’ testimonials are the best gauge of what type of relationship you can expect. Prepare a detailed set of questions that look to substantiate the claims the vendor has made, as well as questions that address your concerns.  Also be sure to speak with customers who are leveraging the specific version of technology being considered.   New untested technology presents a set of risks you need to knowingly accept.

Approaching technology within a multi-year framework can also help you to manage enterprise-wide changes to your business processes more cost effectively. The instant benefits of even a partial implementation can be quite significant. You could see a substantial increase in speed to market, a decrease in administrative or maintenance costs, and efficiencies that translate into a visible improvement in your workflow within three months of a partial implementation.

Yet multi-year approaches, if not implemented properly or with the right solutions, can come with some serious issues. Will the plan you’ve committed to today be viable in  say three to five years when the project is complete? How will that technology grow and change with your business, and will it keep pace with emerging trends? Will those industry trends in thwart your plans because your solutions struggle to adapt to change?

These issues can be addressed with the right vendor. Examine the provider’s ability to deploy updates and enhancement, despite your specific customizations. Try to determine how “supportable” your specific environment will be over the long term. If the solution you choose is externally facing, understand the level of data security that’s included, as well as how scalable that solution is within your current framework. A good solution provider can integrate new technology within your current framework.

Also, a good solution provider will use the latest technology to maximize the effectiveness and productivity of what you current use. Their technology should be “future proof” – able to adapt to emerging technology and grow with your business. Finally, you should be able to implement in stages in order to spread out the costs and better afford the best technology for your business.

For example, if your current business writes in three states, but a recent acquisition expands your market to additional two states, a horizontally scalable solution would allow you to simply add those additional states to your existing core solution in a matter of weeks. Or, if your claims handling is moved from a legacy internal solution to a third party administrator, your horizontally scalable technology solution can be easily integrated to address those changes.

But why horizontal? Horizontally scalable architecture in your solution is typically more flexible than a vertical architecture, allowing for the addition of capacity or functionality on the fly. Further, such architecture provides the ability to integrate multiple solutions attaching to a single foundation, thus facilitating expansion that feeds from a single source of information. Conversely, vertical architecture most often requires costly and time intensive changes to the core.

So what does that mean for your business? It means the technology solution you choose for your business should work well today and just as well two years from now, even if your business then looks much different than it does today.  It also means that costs can be kept within reason. Because you can expand whenever you’re ready and able, you pay only for those components or modules you need now. Therefore, your budgets remain intact and you realize immediate business benefits from the pieces you purchase today.

Is your current system vertical? What limitations have you noticed? Do changes cost too much and take too long? Does your IT group tell you it just can’t be done? How would a horizontal structure benefit your business?

Your underwriting process is only as good as the data in front of you. That data has a shelf life, much like most data gathered in the research and benchmarking processes. The truth is businesses evolve and markets change constantly, sometimes quite rapidly. Today’s reports are current – well, today. Tomorrow could be another story as market factors, economic influences, and claims figures change.

But if your underwriting process had access to real-time ad hoc reporting capabilities, if the information you were working with was the most current, how would that improve your underwriting quality? If information is available to you instantly, your underwriting department will be able to better quantify the risks and price your products. As a result, your products are going to perform much more effectively.

Take a look at your insurance technology solution. Are you being given access to real-time data and information, or is your information static and dated? Where is your information being gathered from? How many groups do you interface with to get information: data warehousing, claims, re-insurance, billing? If those interfaces are not part of your technology architecture and your policy administration or underwriting platform is not talking to other enterprise systems, you may be working in a silo and relying on outdated information.

When evaluating a policy solution, ask yourself if that platform could serve as the hub of your business. Does it keep all the information about your business “in the center?” Are you able to harness that information in real time to help you make critical, time-sensitive decisions about a risk?

FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (OTC Bulletin Board: COVR), a Delaware corporation (“Cover-All” or the “Company”), today provided financial guidance for the full-year period ended December 31, 2009.

Based upon the initial contribution of the three contract announcements in December, 2009, atop the Company’s existing base of recurring revenue, management expects to report:

                                                            Full Year          9 Months Results        Full Year

                                                            2008 Actual     As of 9/30/09            2009 Guidance

Total Revenue                                        $13.5M            $8.3M                      $13M – $14.5M

Net Income (Before Tax)                   $2.9M              $0.7M                       $2.7M – $3.3M

Operating Earnings per Share           $0.12               $0.03                        $0.11 – $0.13  

(Fully Diluted)

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “Cover-All will benefit from a very strong fourth quarter as we announced two new customers and a large expansion of a current customer. We were able to leverage our ability to deliver software quickly in order to book some initial revenue in 2009 with additional revenue to be recognized in 2010 and beyond as we deliver additional products and services. Our 2009 fourth quarter will be our 12th consecutive quarter of profitability and, most likely, the best quarter in Cover-All’s history. We believe that Cover-All is undervalued and is trading at a low price to earnings ratio for a company growing revenues and earnings. We look forward to sharing the Cover-All story about its true potential with investors in the coming months. As our stock appreciates, we also hope to qualify for a listing on a national securities exchange.”

“Looking ahead, we continue to expand and enhance our sales and marketing efforts,” Mr. Roblin continued. “We are also expanding our My Insurance Center offering with exciting new capabilities that make us even more competitive in the marketplace as well as creating additional revenue opportunities from existing customers. In addition, we are actively focused on additional strategic opportunities for growth.”

Mr. Roblin continued, “We expect to announce audited fourth quarter and full-year results in mid to late February, and I look forward to discussing our results and updating shareholders on our continued progress at that time.”

About Cover-All Technologies Inc.

Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements

Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009, filed with the SEC on August 13, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.

Does your insurance technology solution provider support your ongoing compliance needs? 

Considering that ISO has developed over 17,500 global standards on any number of subjects, it’s easy to see how compliance can be elusive. Companies could spend millions just to maintain up-to-date knowledge of ISO alone, not to mention the changes to NCCI’s workers’ compensation rating recommendations. State and local compliance only adds to the strain on insurers.

A good insurance technology solutions provider offers compliance support for multiple programs in all fifty states. Look for a provider with real-time management and support capabilities. Also, does your solution provider support individually filed rates, loss cost modifiers, or company deviations? Ensure your provider specifically provides ongoing updates and support for ISO and NCCI. Ask your provider when regulatory updates are applied to your solution and how company mandated deviations are handled. Unless there is a sound and frequent process for applying updates regularly, your compliance could suffer.

Consider what a comprehensive, compliant solution can do to help you achieve your business objectives. The right platform with continuous support and updates can increase your competitive edge and help your company grow its business. For example, one of our customers, a start-up carrier, grew its book of business from zero to $200 million in premiums using our multi-state ISO platform.  One enabling factor was our customer’s ability to focus on their business while we managed the technical implications of the many statutory and regulatory changes, which at that time, could have otherwise inundated the fledgling carrier. 

In order for your technology solution to protect and propel your business model, you don’t just need a provider, but a support system and a partner in your compliance efforts. 

When was the last time you and your provider sat down and discussed your compliance objectives? If you’re unsure, have a talk with your provider and risk management team to understand the repercussions of missed compliance and opportunities.

It’s a common mistake – companies, in an attempt to save money, take the development and maintenance of their technology in-house. And for a while, it may work. But the cost savings that companies chase rarely, if ever, come to fruition thanks to the increasing complexities of technology and the demands on staff to keep ahead of the technology curve.

 It’s the same for insurers in the property and casualty space. Insurers want affordable automated system options and unparalleled technical support. Yet creating, and then maintaining, customized automation that responds to all aspects of the P&C business is detailed, time-consuming, and oftentimes impossible for the in-house staff to pull off effectively. In some cases, IT teams build and test business systems that become obsolete shortly after launch.

 That’s why outsourcing your technology solutions makes sense. When choosing a company, look for the following:

• Specialty in your business area
• Products and customization options that respond to your business requirements
• Knowledge of your industry and all regulatory requirements
• Scalable solutions and web-based platforms
• Full-scale automation that integrates all your business processes into one solution
• Rate filing support
• Technical support

 Choosing a company such as Cover-All Technologies to customize and maintain your technology frees you to do what you do best – conduct business. Remember: in-house solutions are not an automatic cost savings. In many cases, they can be a burden that negatively impacts your profit margin.

John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “We are delighted to welcome our newest customer to Cover-All. They are a leader in their markets and we look forward to working closely with them. We are also confident that through the use of the My Insurance Center suite of products, they will be able to optimize their business leveraging the flexibility, scalability, usability, and consistency afforded by the product set.”

About the company, Mr. Roblin continued, “We have had a strong finish to 2009, due in no small part to the revolutionary capabilities of My Insurance Center and our reputation for delivering on our promises. As we continue to expand our marketing and sales efforts, we are encouraged by the positive response from the marketplace, looking forward to continued growth and success in 2010.”

About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009, filed with the SEC on August 13, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.

Mr. Roblin commented, “Cover-All today is an exciting, dynamic organization that is being recognized as a leader in the Insurance Technology and Information industry. We have built a robust platform in My Insurance Center and reinforced our reputation for outstanding service. We have delivered two consecutive record years in 2007 / 2008. Through the third quarter of 2009, we have also delivered eleven consecutive profitable quarters. With the announcement of two new contracts earlier this month, we expect to continue our outstanding performance even in today’s uncertain economic climate.

“I am today more excited about Cover-All’s future than ever before. I welcome the opportunity to build on our accomplishments and collaborate with the outstanding people at Cover-All and our great customers. We have high expectations for ourselves and are ready to take advantage of the opportunities that we see ahead.”

Mr. Roblin has served as the Company’s Chief Executive Officer since December 1999, as a member of the Company’s Board since March 2000, and as Chairman of the Board since February 2001. He served as the Company’s President from December 1999 to November 2008.

About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry – first to deliver PC-based commercial insurance rating and policy issuance software. Currently, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and value.

With extensive insurance knowledge, experience and commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted. Additional information is available online at www.cover-all.com.

Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, filed with the SEC on March 30, 2009, and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2009, filed with the SEC on August 13, 2009, copies of which are available from the SEC or may be obtained upon request from the Company.
Contacts
Cover-All Technologies Inc.
Ann Massey, 973-461-5190
Chief Financial Officer
amassey@cover-all.com

or

Investors:
Hayden IR
Brett Maas, 646-536-7331
Principal
brett@haydenir.com